According to a new report, published by KBV research, The Global Cloud DLP Market size is expected to reach $11 billion by 2028, rising at a market growth of 27.9% CAGR during the forecast period.
The Solution market is leading the Global Cloud DLP Market by Component in 2021; thereby, achieving a market value of $6.6 billion by 2028. Rapid use of cloud DLPs has made it possible to audit and classify historical data depending on its sensitivity. Cloud DLP is an all-inclusive data security solution that prevents data loss across the cloud environment. When data is at danger, cloud DLP helps meet data security regulations and safeguards data.
The SMEs market would witness a CAGR of 30% during (2022 - 2028). It is due to the rising number of SMEs across different domains. The cost-effective feature of Cloud DLP is contributing to its rising popularity among small firms. Along with that, since, SMEs do have lack of resources, be it financial or human, they tend to opt for outsourcing their essential DLP services.
The IT & Telecom market is poised to grow at a CAGR of 26.7% during (2022 - 2028). In IT & Telecom, cloud data loss prevention ensures that vital data is not compromised or misplaced. It also guarantees that businesses prevent data theft, ransomware attacks, and other cyber risks. In turn, this ensures that there are no disruptions or needless hazards associated in the business's work process.
The North America market dominated the Global Cloud DLP Market by Region in 2021; thereby, achieving a market value of $3.8 billion by 2028. The Europe market is experiencing a CAGR of 27.1% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 29% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/cloud-dlp-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Broadcom, Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., Forcepoint LLC, HelpSystems, LLC, McAfee Corp., Zscaler, Inc., Lookout, Inc., Netskope, Inc., and Zecurion.
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